President Trump triggered a market reaction after announcing that the United States is considering buying Bitcoin and other cryptocurrencies in large quantities. Speaking at the White House Crypto Summit on August 19, 2026, Trump emphasized that this move is necessary to keep the US ahead of China.
The news was triggered by a report from the @WatcherGuru account on X, which gathered 8,984 likes and 908 retweets containing direct quotes from the president. Beyond the large-scale purchase plan, Trump also urged Congress to immediately pass a fair version of the CLARITY Act - a draft bill regulating the national crypto market structure.
The high-profile White House meeting was attended by key executives including Coinbase CEO Brian Armstrong, Gemini founders Tyler and Cameron Winklevoss, Ripple CEO Brad Garlinghouse, Robinhood CEO Vlad Tenev, and Nasdaq CEO Adena Friedman. Sergey Nazarov of Chainlink and Chris Dixon of a16z crypto also attended, exactly one day before the CFTC holds its inaugural Innovation Advisory Committee hearing on Thursday.
Direct Mention Effect
News from the president spread quickly to trading exchanges, especially when Trump mentioned the decentralized perpetual contract exchange platform, Hyperliquid. He stated that the CFTC is currently working to bring Hyperliquid’s operations to the United States within a legal and compliant regulatory framework.
The market responded instantly. The price of the $HYPE token immediately surged 15% to reach the $69 level. CFTC Chairman Michael Selig, speaking at the same meeting, bolstered sentiment by stating that the CLARITY Act legislative process is now nearing the finish line, and the CFTC stands ready to implement it as soon as the bill is signed into law.
Parliamentary Test
The legislative journey remains stalled in the hands of policymakers. The CLARITY Act bill had actually passed the House of Representatives in July 2025 with a 294-to-134 vote. However, the draft is stuck in the Senate due to intense disputes over equity tokenization rules, stablecoin yield regulations, and alleged conflicts of interest involving the Trump family.
Coinbase CEO Brian Armstrong offered an optimistic prediction. He estimates that the CLARITY Act has a chance of securing more than 60 votes in parliament after the Senate addresses the cloture motion on September 15.
On the opposing side, Senator Ruben Gallego openly questioned the president’s motives at the Wyoming Blockchain Symposium. Responding to Trump’s push for a fair bill, Gallego made a sharp remark: “I think unfortunately what the president means by fair is fair for himself.”
The US political stance on the future regulation of digital assets now awaits the outcome of intense negotiations among senators.
Reported by @WatcherGuru on X.
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
